273 Asylum Street, Hartford, Connecticut

$3,550,000

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35,277

Square feet

0.30

Acres

About 273 Asylum Street

Welcome to an unparalleled opportunity in the heart of downtown Hartford-an exceptional chance to spearhead the development of a residential haven in an enviable location! Embraced by the city's vibrant pulse, this former high school site stands primed for transformation, boasting approved plans for a residential complex featuring 50 units. Among these are 22 studios, 11 studio pluses offering enhanced living space, and 17 one-bedroom apartments. With the City of Hartford's seal of approval, this canvas of possibility awaits the visionary buyer seeking to redefine urban living. Commanding impressive market rents of $1,400 for studios and $1,700 for one-bedroom dwellings, the potential for lucrative returns is undeniable. Furthermore, there is opportunity to include a small parking area nearby with the purchase. Situated at the center of downtown's bustling landscape, this property offers unrivaled proximity to iconic landmarks and entertainment venues. Just a stone's throw away from the XL Center and a mere two blocks from Bushnell Park and City Place, residents will revel in a lifestyle of convenience and excitement. Immerse yourself in the cultural tapestry of the city with TheaterWorks mere steps away, while an array of esteemed dining establishments and nightlife hotspots beckon within walking distance, including Black Eyed Sally's, Agave, and Max Downtown.

Features of 273 Asylum Street

MLS® # 24006565
Price $3,550,000
Square Footage 35,277
Square Footage Public Records
Acres 0.30
Year Built 1920
Type Commercial For Sale
Status Active

Community Information

Address 273 Asylum Street
Area N/A
City Hartford
County Hartford
State Connecticut
Zip Code 06103

Amenities

Utilities Gas
Is Waterfront No
Has Pool No

Interior

Heating Other
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Lot Description Corner Lot, Level Lot
Roof Flat, Tar/Gravel

Additional Information

Date Listed March 29th, 2024
Days on Market 256
Zoning DT-3
RE / Bank Owned No

Listing Details

OfficeBerkshire Hathaway NE Prop.

Listing Map

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